Halyk Bank of Kazakhstan OJSC informed on results of its activity as of July 1, 2003

/IRBIS, July 8, 03/ - Halyk Bank of Kazakhstan OJSC, whose securities are traded under "A" category official securities list, distributed press release, where the information on main results of bank's activity as of July 1, 2003 in accordance with Kazakhstan standards is presented. As of the mentioned date net income of the bank totaled KZT3.050 bn ($20.6 m) and grew 3.3 times or KZT2.1 bn relative to the similar period of the last year. Assets of Halyk Bank of Kazakhstan OJSC reached KZT228.167 bn (1.542 bn, having increased by 67% (76.3 bn) relative to the first half year of 2002. Authorized capital of the bank grew by KZT2.784 bn or 72%, totaling KZT9.881 bn ($66.7 m). Shareholders' equity increased by KZT7.1bn (68%) to KZT22.634 bn ($152.9 m). Bank also informed that the growth of loan portfolio was 58% - volume of loans offered to clients grew by KZT151.3 bn ($1.022 bn) One of the major factors that demonstrate a progress in bank's development is the rise of deposit base. Out of total deposit base amounting to KZT78 bn ($527m) demand deposits and current accounts of individuals totaled KZT14.4 bn ($97 m), remainders on card-accounts totaled KZT6.2 bn, and term deposits of people - KZT57.4 bn ($388 m). Growth in term deposits totaled KZT6.156 bn relative to the beginning of the current year. According to information provided, branch net Halyk Bank of Kazakhstan OJSC includes 585 structural subdivisions, including 20 oblast and regional, 135 rayon branches and 427 payroll offices. Card system of the bank as of July 1 includes 371 cash dispensers, 1869 POS-terminals and 1,168 imprinters. [2003-07-08]